LONDON — The U.K.-based lender Barlcays Plc has announced that it will provide $43 million in project financing to Biwater Plc for a seawater desalination plant on Tortola, in the British Virgin Islands, according to an article by Bloomberg.
The plant will ensure that Tortola, the biggest and most populated island in the British Virgin Islands, will have a reliable year-round supply of drinking water, reported the article.
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The plant will also improve wastewater treatment facilities and aid the marine environment, the article noted.
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Biwater is based in the U.K. and involved in clean water and sewage treatment, according to the article.
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